Impact of GST on Gold Jewellery

By |2017-06-19T12:01:43-05:30June 7th, 2017|Categories: GST, GST Impact, GST News, GST Rate Change|

Gold Rates The GST Council has fixed Gold rates under GST at 3%. The tax rate is lower than the lowest slab of 5% and is closer to the current tax of about 2%. The government has definitely kept in mind the demand of the gold industry. “There was extensive debate on Gold rates under GST [...]

New Rates under GST Regime

By |2017-07-20T09:17:02-05:30June 5th, 2017|Categories: GST, GST Impact, GST News, GST Rate Change|

Fixation of new rates under GST The Goods and Services Tax (GST) Council has fixed the new rates under GST for the rollout of the new indirect tax regime from July 1, 2017. The council has also decided to increase the deemed credit for transition stocks in case of items that attract GST rate of 18% or 28%. Accordingly, they [...]